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Are We Bottoming Out?
photo credit: Nicholas_T
In 2008 we all started to realize just how severe the recession was getting, with job losses increasing rapidly, small businesses dropping off the grid and farming jobs dropping rapidly.
However, the good news is that job losses today do not appear to be increasing like they were last year. The stimulus package that is expected to come in the 2nd quarter brings hope and shines some light on our difficult situation this new year. Middle class tax cuts are another big contributor to a happier looking future for most people.
Some stimulus package infrastructure spending will also start in the 2nd quarter.According to the Blue Chip Economic Indicators February consensus economic forecast, the economy will bottom out later this year and pick up in 2010.
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Dennis on March 12th, 2009 5:15 pm
We better – since I called it in January and I will lose all credibility if it doesn’t. Especially from my wife who is looking for evidence that I am not always right :-)
Adam on March 12th, 2009 6:00 pm
Don’t kid yourself, Job’s are being lost very quick. 600,000 last month alone
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